[ad_1]
Company News from Wednesday, January 30, 2019
Source: Graphic.com.gh
2019-01-30
The Ambbadador of Hungary, Mr. Andras Szabo, addressing the program's guest
Hungary's Ambbadador to Ghana, András Szabó, announced a $ 70 million investment in Hungary's electricity generation for the Bridge Power project.
According to Szabó, the project will be the largest power plant since the Bui hydroelectric plant in Tema.
The investment will focus on three out of five power conversion GE turbines (TM 2500), which will be used to power this first phase of the power plant, and underlines Hungary's commitment to build strong economic relationships with Ghana.
A press release signed by the Hungarian Ambbadador to Ghana, András Szabó, announced on Monday that the project would boost Ghana's energy security.
Below the complete statement:
For immediate release: Monday, January 28, 2019 Media Contact: Kobina Aidoo, [email protected], +233 266 197 854
Inauguration of a $ 70 million investment in Hungary's electricity generation for the Bridge Power project. Bridge Power will be the largest power plant since the Bui hydroelectric plant
Announcement of a $ 70 million investment from Hungary in electricity production under the Bridge Bridge Power Bridge project will be the largest power plant since the Bui hydroelectric plant in Tema , in Ghana.
The Ambbadador of Hungary to Ghana, His Excellency András Szabó, announced that Hungary is investing $ 70 million in energy production for the first stage of the project of more than 400 megawatts (MW) Bridge (the project).
The investment includes three out of five GE airborne gas turbines (TM 2500), which will be used to power this first phase of the power plant, and underlines Hungary's commitment to build strong economic relations with Ghana.
Bridge Power, located in the Tema Thermal Complex, will be Ghana's largest power plant since the Bui hydroelectric facility and will provide a significant share of the country's reliable generating capacity with over 400 megawatts of cycle energy. efficient combination.
The project will enhance Ghana's energy security, with the plant being able to run on liquefied petroleum gas (LPG), natural gas or diesel, and be responsible for importing its own fuel.
"The agenda" Beyond Assistance in Ghana "" defined by the President of the Republic, Nana Addo Dankwa Akufo-Addo, can only be achieved by diversifying the economy to the agri-food manufacturing and processing sector, which will create reliable and stable jobs for our unemployed youth. growth.
Our ambitious dreams can only be realized with proper and reliable nutrition, "said the Honorable Deputy Minister of Commerce and Industry, Robert Ahomka-Lindsay.
The arrival of TM2500 gas turbines for Bridge Power marks a turning point in the nascent trade and investment relationship between Ghana and Hungary.
An additional investment of several million dollars in equipment will come from Hungary as part of the second phase of the project. Hungary has also supported the project with funding through the Hungarian Export and Import Bank (HEXIM) and is committed to strengthening its economic cooperation with Ghana, especially in the areas of infrastructure, energy, water management, information technology, waste management, construction, agriculture and food. transformation – all contribute to the creation of jobs.
"Hungary's contribution to this flagship project is one of our first major steps in revitalizing our political and economic relations with Ghana.
It is a clear demonstration for the Government and the people of Ghana that Hungary is synonymous with business, "HE Ambbadador András Szabó said. 2 | The aim of the Hungarian government's foreign policy "Opening to the South" is to diversify its economic relations through closer political ties and increased trade with the emerging economies of Africa and South America. Africa as a priority.
Hungary intends to strengthen its presence in the West African region and, in April 2016, after an important first step, it reopened its embbady in Ghana after an absence 30 years old.
"The 400 megawatts of energy generated by Bridge Powers not only represent about 2 million homes lit, but also jobs created and careers launched.
Hungary's relations with Ghana are not only about investment, but also about trade and learning opportunities. We will not only work with Hungary, we will work actively with it, "said Mr. R. Yofi Grant, General Manager of the Ghana Investment Promotion Center.
Bridge Power is sponsored by the Early Power Limited (EPL) consortium, which includes Endeavor Energy, a leading independent Africa-based power generation and power generation group; Sage, Ghana's indigenous trading company; and General Electric Power (GE), world leader in energy. Phase 1 is under construction by Metka, a leading engineering, procurement and construction (EPC) company.
This $ 1 billion project will include an infrastructure to import, store and transport LPG.
The fuel import infrastructure will be transferred to the Tema Petroleum Refinery (TOR) and will be open to multiple users, which will significantly increase Ghana's LPG import capacity.
Endeavor Energy is Bridge Power's largest shareholder and leads development with GE. Steve Jernigan, Chief Executive Officer of Endeavor Energy, said, "We plan to provide the first power supply by the end of the year. We are excited to be able to make a significant contribution to Ghana's homes, schools, offices, hospitals and industries.
We will create jobs, transfer skills and strengthen Ghana's energy infrastructure. "Mr. Jernigan added that Bridge Power will soon announce important social investment initiatives focused on developing STEM skills among young people to better prepare them for the future. world of work.
GE GE2500 gas turbines operate autonomously and can be started, stopped and restarted within one hour.
"This will allow the Ghana Electricity Company (ECG) to more efficiently deliver electricity to meet real demand throughout the day," said Elisee Sezan, CEO of the Gas Division. Power of GE in sub-Saharan Africa.
Unveiled "For the Ghanaian consumer, this means additional savings," he added. Sage, a fully Ghanaian company, is leading the construction of the LPG import and storage infrastructure for the Bridge Power plant. "We are working hard to build the largest LPG plant in the world and put Ghana on the map.
The bridge will be transformative. Louis Josiah of Sage said.
About Hungary in Ghana Recognizing the huge potential mutual benefits, Hungary reopened its embbady in Ghana after 30 years of absence.
The Embbady's primary task is to stimulate the exchange of information and strengthen cooperation between Ghanaian and Hungarian companies, particularly in the areas of energy, water management and information technology. , waste management, construction, agriculture and food processing.
Hungary is committed to supporting the Government of Ghana's industrialization goals, which will lead to job creation.
About Bridge Power Bridge Power will be the largest energy project in Ghana since the Bui hydroelectric facility. It will provide a significant share of the country's reliable generation capacity with more than 400 MW of efficient combined cycle power.
The project will provide additional fuel diversity and safety through its liquefied petroleum gas (LPG) import, storage and transportation infrastructure.
Bridge Power is sponsored by the Early Power Limited (EPL) consortium, which includes Endeavor Energy, a leading independent Africa-based power generation and power generation group; Sage, Ghana's own indigenous business enterprise; and GE Power, world leader in energy.
Source link
